So, G27 racing wheels typically sell for 200 to 250 bucks, and this is either refurbished or new, for 55 dollars. It's out of Hong Kong on ebay, so I bet theirs some cache to it.
http://www.ebay.com/itm/Logitech-G27-Racing-Gaming-Steering-Wheel-PS3-PC-w-Pedals-Shift-Knob-941-000045-/321384750739?pt=US_Video_Game_Controllers&hash=item4ad4061e93
http://www.ebay.com/itm/Logitech-G27-Racing-Gaming-Steering-Wheel-PS3-PC-w-Pedals-Shift-Knob-941-000045-/321384750739?pt=US_Video_Game_Controllers&hash=item4ad4061e93